SABMiller share price: Jamie Wilson resigns from company

on Feb 19, 2015
Updated: Oct 21, 2019

SABMiller Plc’s (LON:SAB) chief financial officer Jamie Wilson is to leave company next month, it has been revealed. In a statement to the London Stock Exchange today, the world’s second-largest brewer announced that Wilson had tendered his resignation and would step down from the company’s board, effective immediately. He will leave the company at the end of its current financial year on 31 March 2015. SABMiller said that Wilson was departing due to personal reasons.

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“His contributions to the development of our strategy, the delivery of our business capability programme, the building of our new business efficiency programme, and the strengthening of the finance functions will be a lasting legacy,” Alan Clark, SABMiller’s chief executive officer, said of Wilson. “He leaves the group in sound financial health, and we all wish him every success in the future.”

Until a permanent replacement for Wilson is found, his role will be covered by Domenic De Lorenzo, SABMiller’ strategy director, who will become acting CFO, effective immediately. De Lorenzo has been with the South African brewer for nearly 20 year and was appointed to the company’s board in 2011. He had been involved with transactions including the formation of the MillerCoors joint venture, SABMiller noted.

In today’s trading, SABMiller shares were up 0.6 percent at 3,575.50p, as of 08:31 UTC. The stock has gained 6.6 percent since the start of the year. The company’s market capitalisation currently stands at £57.5 billion.
According to the Financial Times, as February 14, 2015, the consensus forecast amongst 41 polled investment analysts covering SABMiller has it that investors should hold their position in the company.The same consensus estimate has been maintained since April 18, 2014, when the sentiment of investment analysts deteriorated from “outperform”.
As of 09:56 GMT, Thursday, 19 February, SABMiller plc share price is 3,566.00p.


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